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The debt ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.
President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch ...
Bill passed after senators rejected 11 proposed amendments
Earlier Wednesday, the House passed a rule governing debate on the debt ceiling bill, setting it up for final passage. For the latest news, weather, sports, and streaming video, head to The Hill ...
Here's a primer on the debt ceiling and examples of the possible consequences if the United States is unable to pay its debts. MORE: From Social Security to travel: Everything to know about a ...
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday issued a stark warning that a failure by Congress to act on the debt ceiling could trigger a "constitutional crisis" that also ...
The support on Capitol Hill for what was once a fringe legal theory is growing by the hour as the debt ceiling talks head into their final days. Debt ceiling: Support for 14th amendment solution ...
Republican House Speaker Kevin McCarthy speaks to the press after a meeting with President Joe Biden on debt ceiling in Washington, D.C., the United States, May 22, 2023.